Shares of Asana (NYSE: ASAN) were down 16.3% as of 1:30 p.m. ET Wednesday despite a stronger-than-expected quarterly report from the work management software company. Indeed, Asana's fiscal third-quarter revenue grew 18% year over year to $166.5 million, translating to an adjusted (non-GAAP) net loss of $8.2 million, or $0.04 per share. Analysts, on average, were modeling a wider net loss of $0.11 per share on revenue of $164 million.
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